MARVIN MANDEL, Governor

1805

powers of a State bank and trust company, see,
respectively, §§6—116 and 6-137 of this
subtitle.

For the provisions which relate to the

authority of banking institutions to

consolidate or merge, see Art. 11, §§35, 109
through 115, and 117 of the Code.

SUBTITLE 2. SAVINGS AND LOAN ASSOCIATIONS.

6-201. DEFINITIONS.

(A)   IN GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

REVISOR'S NOTE: This subsection is new language
added as the standard introductory language to
a definition section.

(B)   BOARD OF COMMISSIONERS.

"BOARD OF COMMISSIONERS" MEANS THE BOARD OF
BUILDING, SAVINGS AND LOAN ASSOCIATION COMMISSIONERS.

REVISOR'S NOTE: This subsection is new language
added here to avoid unnecessary repetition.
For the general provisions which relate to the
Board of Commissioners, see Art. 23, §161E of
the Code.

(C)   CHAIRMAN.

"CHAIRMAN" MEANS THE CHAIRMAN OF THE INCORPORATORS.

REVISOR'S NOTE: This subsection is new language
derived without substantive change from the
second sentence of Art. 23, §161M(a)(1) and
added here to avoid unnecessary repetition.

(D)   DIVISION.

"DIVISION" MEANS THE DIVISION OF BUILDING, SAVINGS
AND LOAN ASSOCIATIONS OF THE DEPARTMENT OF LICENSING AND
REGULATION.

REVISOR'S NOTE: This subsection is new language
added to avoid unnecessary repetition. For
the general provisions which relate to the
division, see Art. 23, §161G of the Code.

(E) DIVISION DIRECTOR.